DadZilla3 wrote:Way back during the Clinton administration Brooksley Born, head of the Commodity Futures Trading Commission (CFTC) in Washington, tried to introduce legislation to get some degree of oversight in the largely unregulated derivatives market. She was shut down by a Congress advised primarily by Alan Greenspan, Robert Rubin, Larry Summers, and Arthur Levitt.
Watch the presentation of Frontline: The Warning.
http://video.pbs.org/video/1302794657/
One of my favorite shows to watch on YouTube. I've posted this before on this site.
She's a hero in my book for seeing the danger and making it known. The entire Clinton administration buried her. Imagine what we might've headed off taking her suggestions? Couple that with Ron Paul's "Audit The Federal Reserve" mantra...rinse, lather, repeat.